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Net Loss Per Share Available to Common Stockholders
 9 Months Ended
Sep. 28, 2024
Earnings Per Share [Abstract]  
Net Loss Per Share Available to Common Stockholders Net Loss Per Share Available to Common Stockholders
The Company calculates basic and diluted net loss per share available to common stockholders in conformity with the provisions of ASC 260 “Earnings Per Share.” Pursuant to ASU 2020-06, the Company applies the if-converted method to its Notes. See Note 2.
(in thousands, except share and per share amounts)Three Months Ended Nine Months Ended
September 28,
2024		September 30,
2023		September 28,
2024		September 30,
2023
Numerator:
Net loss available to common stockholders$(26,576)$(70,492)$(115,416)$(183,034)
Net loss available to common stockholders—basic(26,576)(70,492)(115,416)(183,034)
Denominator:
Weighted average common shares outstanding—basic65,060,729 64,398,448 64,880,008 64,210,809 
Dilutive effect of shares issuable under stock options— — — — 
Dilutive effect of RSUs— — — — 
Dilutive effect of PSUs— — — — 
Dilutive effect of Notes, if converted(1)
— — — — 
Weighted average common shares outstanding—diluted65,060,729 64,398,448 64,880,008 64,210,809 
Net loss per share available to common stockholders—basic and diluted$(0.41)$(1.09)$(1.78)$(2.85)
__________
(1) As the Company recorded a net loss in the three and nine months ended September 28, 2024 and September 30, 2023, inclusion of shares from the conversion premium or spread would be anti-dilutive. The Company had $1.15 billion in Notes outstanding as of September 28, 2024 and September 30, 2023.
The following shares of common stock equivalents were excluded from the computation of diluted net loss per share available to common stockholders for the periods presented because the impact of including them would have been antidilutive:
Three Months EndedNine Months Ended
September 28,
2024		September 30,
2023		September 28,
2024		September 30,
2023
Options to purchase common stock5,406,662 4,383,626 5,406,662 4,383,626 
RSUs2,400,113 1,399,909 2,400,113 1,399,909 
PSUs225,967 — 225,967 — 
Total8,032,742 5,783,535 8,032,742 5,783,535